ISO 9000 & AUDITS WORLD CONFERENCE
Compliance at the Speed of Risk
Presenter: Raimund Laqua, Founder, Chief Compliance Engineer, Lean Compliance, Dundas, Ontario, Canada
Keywords: Risk-Based Thinking, Effective Compliance, Systems Thinking
Industry: Energy/Oil & Gas
Every organization operates in the presence of uncertainty from the board room to the front line. This uncertainty creates the opportunity for risk where companies are often only one recall, one explosion, or one violation away from losing their regulatory license, or as importantly their social license to operate. Unfortunately, up until now defenses have been primarily based on reactive behaviors across disparate siloes creating significant gaps in coverage and the propagation of risk throughout organizations. To succeed companies must implement compliance programs that work together to form lines of protection to prevent threats from materializing and mitigate the effects when they do. In this way companies can increase the probability of mission success resulting in the reduction of risk, meeting obligations, and increased stakeholder trust. Will your current defenses hold and if not, what can you do to strengthen them? In this presentation, I will unpack what is meant by risk, how it has changed, and how risk-based thinking can be used to improve the probability of mission success. Participants will learn about aleatory and epistemic uncertainty, which risks really matter, and how to use the bow-tie analysis to plan their defense against threats and their attack on opportunities.